Empire Resorts Announces Appointment of Laurette Pitts as Chief Financial Officer
December 14 2010 - 10:45AM
Business Wire
Empire Resorts, Inc., (NASDAQ: NYNY) today announced that it has
appointed Laurette Pitts as Chief Financial Officer. Ms Pitts will
be responsible for accounting, finance, public company reporting
and Sarbanes-Oxley compliance.
Ms. Pitts most recently served from December 2008 until December
2010 as Regional Vice President of Finance and Administration for
American Racing and Entertainment, LLC, a private company that owns
and operates horseracing, resort, and gaming facilities, including
Tioga Downs and Vernon Downs. She previously was employed as the
Chief Financial Officer for Mohegan Sun at Pocono Downs, a gaming
and entertainment facility owned by the Mohegan Tribe of Indians of
Connecticut, from April 2005 until November 2008.
Empire Resorts CEO Joseph D’Amato said, "It is with great
pleasure that we welcome Ms. Pitts to Empire Resorts. Her diverse
gaming background and experience with financial controls will be
instrumental in furthering our growth and development. Laurette
brings a wealth of finance and accounting experience to her duties
as CFO, and her addition provides managerial, operational and
financial depth to our executive team.”
In this appointment, Ms. Pitts will be also be responsible for
Operational and Financial Accounting including Financial Reporting,
Cash Management, Budgeting, Forecasting, Accounts Payable,
Purchasing, Warehouse and Payroll. She will serve as a
strategic leader and partner for direction, integrity and overall
effectiveness of accounting and finance functions.
In addition to her most recent experience, Ms. Pitts has held a
variety of senior financial positions with Seneca Allegany Casino,
Mystic Lake Casino & Hotel, and The Tunica Sheraton Casino and
at Harrah’s properties in Tunica, Memphis and Atlantic City.
Ms. Pitts received her MBA from Metropolitan State University in
St. Paul Minnesota and her BA degree in accounting from Stockton
State College in Pamona, New Jersey.
About Empire Resorts
Empire Resorts owns and operates the Monticello Casino &
Raceway, a harness racing track and casino located in Monticello,
New York, and 90 miles from midtown Manhattan. For additional
information, please visit www.empireresorts.com.
Statements in this press release regarding the Company's
business that are not historical facts are "forward-looking
statements" that may involve material risks and uncertainties. The
Company wishes to caution readers not to place undue reliance on
such forward-looking statements, which statements are made pursuant
to the Private Securities Litigation Reform Act of 1994, and as
such, speak only as of the date made. For a full discussion of
risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements, see "Risk
Factors" in the Company's Annual Report or Form 10-K for the most
recently ended fiscal year, as well as the Form 10-Q for the most
recently ended fiscal quarter.
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